article thumbnail

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

The Democratic Republic of Congo holds the most global cobalt reserves , at around 3.5 million metric tons (or 60% of the world’s supply). million metric tons. Traditionally, companies like Apple haven’t purchased the metal directly from mines, but through brokers like China’s Congo Dong Fang Mining. Conclusion.

article thumbnail

An update on copper

Resilinc

Freeport McMoran, the second largest copper producer globally, reported in its latest quarterly: “While we recognize the near-term volatility in our markets, we are optimistic about our portfolio of assets, our strong management and operating teams, and the long-term prospects for the copper markets we serve.”.

article thumbnail

Big Tech and Auto Battle for the World’s Cobalt Resources

Elementum

The Democratic Republic of Congo holds the most global cobalt reserves , at around 3.5 million metric tons (or 60% of the world’s supply). million metric tons. Traditionally, companies like Apple haven’t purchased the metal directly from mines, but through brokers like China’s Congo Dong Fang Mining. Conclusion.